Civic Intelligence

Climate Xchange Education and Research Inc.

990 • Fiscal year 2020 • EIN 47-3976138

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 22, 2021

Weworks31 St James6th FlxchangeBoston, MA 02116

(617) 624-0919

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

83rd percentile

0.80x

Higher debt load relative to revenue than 83% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

32nd percentile

-2.6%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

79th percentile

31%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

69th percentile

13%

Faster revenue growth than 69% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$613,954

Up $146,960 (+31%) from 2019

Net Assets

Down

-$138,419

Down $24,539 (-22%) from 2019

Liabilities

Up

$752,373

Up $171,499 (+30%) from 2019

Revenue

Up

$938,875

Up $107,593 (+13%) from 2019

Expenses

Up

$963,414

Up $168,755 (+21%) from 2019

Net Income

Down

-$24,539

Down $61,162 (-167%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500K-$1.0MAssets 2014: $3,735Liabilities 2014: $0Net Assets 2014: $3,7352014Assets 2015: $462,345Liabilities 2015: $224,134Net Assets 2015: $238,2112015Assets 2016: $106,374Liabilities 2016: $0Net Assets 2016: $106,3742016Assets 2017: $344,062Liabilities 2017: $85,662Net Assets 2017: $258,4002017Assets 2018: $647,342Liabilities 2018: $797,845Net Assets 2018: -$150,5032018Assets 2019: $466,994Liabilities 2019: $580,874Net Assets 2019: -$113,8802019Assets 2020: $613,954Liabilities 2020: $752,373Net Assets 2020: -$138,4192020Assets 2021: $461,203Liabilities 2021: $1,006,874Net Assets 2021: -$545,6712021Assets 2022: $329,418Liabilities 2022: $64,000Net Assets 2022: $265,4182022Assets 2023: $620,028Liabilities 2023: $34,448Net Assets 2023: $585,5802023Assets 2024: $1,011,929Liabilities 2024: $150,737Net Assets 2024: $861,1922024Assets 2025: $860,250Liabilities 2025: $76,459Net Assets 2025: $783,7912025

Highlighted filing

2020

Assets$613,954
Liabilities$752,373
Net Assets-$138,419

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $65,505Expenses 2014: $61,770Net Income 2014: $3,7352014Revenue 2015: $405,342Expenses 2015: $170,866Net Income 2015: $234,4762015Revenue 2016: $72,570Expenses 2016: $204,407Net Income 2016: -$131,8372016Revenue 2017: $520,423Expenses 2017: $331,717Net Income 2017: $188,7062017Revenue 2018: $277,394Expenses 2018: $579,900Net Income 2018: -$302,5062018Revenue 2019: $831,282Expenses 2019: $794,659Net Income 2019: $36,6232019Revenue 2020: $938,875Expenses 2020: $963,414Net Income 2020: -$24,5392020Revenue 2021: $100,962Expenses 2021: $508,214Net Income 2021: -$407,2522021Revenue 2022: $1,879,934Expenses 2022: $1,068,845Net Income 2022: $811,0892022Revenue 2023: $1,368,384Expenses 2023: $1,048,222Net Income 2023: $320,1622023Revenue 2024: $1,288,715Expenses 2024: $1,013,103Net Income 2024: $275,6122024Revenue 2025: $1,201,812Expenses 2025: $1,279,213Net Income 2025: -$77,4012025

Highlighted filing

2020

Revenue$938,875
Expenses$963,414
Net Income-$24,539
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 22, 2021
Return Version
2020v4.0
Gross Receipts
$1,304,342
Mission and Program Overview

Mission

Our mission is to achieve a rapid and equitable transition towards a zero-emissions economy by advancing state climate policy.

To reduce global warming pollution and strengthen the economy through comprehensive market based carbon pricing in massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$386,381$578,583▲ $192,202
Prepaid Expenses and Deferred Charges$74,358$29,116▼ $45,242
Total Assets$466,994$613,954▲ $146,960
Other Assets Total$6,255$6,255→ $0
Liabilities
Deferred Revenue$539,650$671,405▲ $131,755
Accounts Payable and Accrued Expenses$41,224$80,968▲ $39,744
Total Liabilities$580,874$752,373▲ $171,499
Net Assets / Fund Balance
Net Assets With Donor Restrictions$81,200--
Net Assets Without Donor Restrictions$-195,080$-138,419▲ $56,661
Total Net Assets Fund Balance$-113,880$-138,419▼ $24,539
Total Liabilities and Net Assets / Fund Balance$466,994$613,954▲ $146,960
Compensation and Service Providers

Board Members and Trustees

NameTitle
Peter KirbyPresident
Cathy CarruthersBoard Member
Claudine SchneiderBoard Member
Laura TeicherBoard Member
Madhaven ThirumalaiBoard Member
Susan LabandibarBoard Member
Kalman GacsSecretary/cl
Quinton ZondervanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$301,242
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$637,633
Change in Net Assets
$-24,539

Audited Revenue Reconciliation

Revenue per Audited Statements
$938,875
Total Revenue per Audited Statements
$938,875
Total Revenue per Form 990
$938,875
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$690,774
Other Expenses$272,640
Total Fundraising Expense$177,546
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$534,393$43,497$43,497$621,387
Fees for Services Other$29,991$27,125$91,917$149,033
Payroll Taxes$47,647$3,878$3,878$55,403
Occupancy$35,998$7,199$4,800$47,997
Advertising-$10,122$10,122$20,244
Other Employee Benefits$12,028$978$978$13,984
Office Expenses$2,120$2,120-$4,240
Travel$1,724$1,724-$3,448
Other Expenses$2,106$3,027$1,677$1,677
Insurance-$1,212-$1,212
All Other Expenses$985$210-$1,195
Total Functional Expenses$675,883$109,985$177,546$963,414

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$963,414
Total Expenses per Audited Statements$963,414
Total Expenses per Form 990$963,414
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$1,003,100
Gaming Direct Expenses$365,467
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 filing reviewed and approved by board of directors before filing.

Form 990, Page 6, Part VI, Line 15A

Compensation reviewed and approved by board of directors.

Form 990, Page 6, Part VI, Line 19

Governing documents available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Climate Xchange Education
EIN
47-3976138
Phone
6176240919
Address
WEWORKS31 ST JAMES6TH FLXCHANGE, BOSTON, MA 02116

Signing Officer

Name
Quinton Zondervan
Title
Treasurer
Phone
6176240919
Signed
2021-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Quinton Zondervan
Formed
2014
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
17

Preparer

Firm
Marifran Mckindsey CPA
Address
115 SANTUIT RD, COTUIT, MA 02635-3049
Preparer
Marifran Mckindsey CPA
Phone
5083673362
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Item B

This form 990 is being amended to more accurately report the allocation of fundraising expense between program, administrative and fundraising.

Form 990, Part IX, Line 11G

Professional fees 29,991 27,125 91,917

Form 990, Part XI, Line 9

Write off caba forgiveness of debt 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0IN DEC 2015, CLIMATE XCHANGE EDUCATION AND RESEARCH (CXC) RECEIVED IT'S FORMAL 501(C)(3) APPROVAL, AND ELECTING TO BE SUBJECT TO LOBBYING EXPENDITURE LIMITS UNDER ELECTION OF 501 (H) BY FILING FORM 5768. AS A RESULT, 2016 WAS THE FIRST YEAR IN WHICH CXC IS FILING ITS LOBBYING DETAILS IN PART 11A.
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt1LOBBYING ACTIVITIES WERE TO EDUCATE OTHERS ABOUT GLOBAL WARMING POLUTION.
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt2IN 2016, CLIMATE XCHANGE EDUCATION AND RESEARCH, INC (CXC) CONDUCTED LIMITED,TARGETED LOBBYING TO SUPPORT SPECIFIC CARBON TAX LEGISLATION IN THE MA LEGISLATURE. ONE STAFF MEMBER AND 2 CONSULTANTS ENGAGED IN LOBBYING. ALL WERE REGISTERED WITH THE MA ATTORNEY GENERAL'S OFFICE AND MAINTAINED AND SUBMITTED REQUIRED RECORDS OF DATES AND HOURS CONDUCTING SUCH ACTIVITY AND THE BILLS THAT WERE THE OBJECT OF SUCH LOBBYING EFFORTS. GRASSROOTS LOBBYING EXPENSES WERE NEGLIGIBLE, BECAUSE OTHER ORGANIZATIONS WITH GRASSROOTS STAFF CONDUCTED THIS OUTREACH. TOTAL CXC LOBBYING TIME AND EXPENSE REMAINED SUBSTANTIALLY BELOW THE 20% OF TOTAL EXPENSES AND FINANCED BY UNRESTRICTED REVENUES. IN 2017, CLIMATE XCHANGE EDUCATION AND RESEARCH, INC (CXC) CONDUCTED LIMITED,TARGETED LOBBYING TO SUPPORT SPECIFIC CARBON TAX LEGISLATION IN THE MA LEGISLATURE. THREE STAFF MEMBERS ENGAGED IN LOBBYING. ALL WERE REGISTERED WITH THE MA ATTORNEY GENERAL'S OFFICE AND MAINTAINED AND SUBMITTED REQUIRED RECORDS OF DATES AND HOURS CONDUCTING SUCH ACTIVITY AND THE BILLS THAT WERE THE OBJECT OF SUCH ADVOCACY EFFORTS. GRASSROOTS LOBBYING EXPENSES WERE NEGLIGIBLE, BECAUSE OTHER ORGANIZATIONS WITH GRASSROOTS STAFF CONDUCTED THIS OUTREACH. TOTAL CXC LOBBYING TIME AND EXPENSE REMAINED SUBSTANTIALLY BELOW THE 20% OF TOTAL EXPENSES AND FINANCED BY UNRESTRICTED REVENUES. IN 2018, CLIMATE XCHANGE EDUCATION AND RESEARCH, INC (CXC) CONDUCTED LIMITED,TARGETED LOBBYING TO SUPPORT SPECIFIC CARBON TAX LEGISLATION IN THE MA LEGISLATURE. THREE STAFF MEMBERS ENGAGED IN LOBBYING. ALL WERE REGISTERED WITH THE MA ATTORNEY GENERAL'S OFFICE AND MAINTAINED AND SUBMITTED REQUIRED RECORDS OF DATES AND HOURS CONDUCTING SUCH ACTIVITY AND THE BILLS THAT WERE THE OBJECT OF SUCH ADVOCACY EFFORTS. GRASSROOTS LOBBYING EXPENSES WERE NEGLIGIBLE, BECAUSE OTHER ORGANIZATIONS WITH GRASSROOTS STAFF CONDUCTED THIS OUTREACH. TOTAL CXC LOBBYING TIME AND EXPENSE REMAINED SUBSTANTIALLY BELOW THE 20% OF TOTAL EXPENSES AND FINANCED BY UNRESTRICTED REVENUES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-A
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE C, PART IV
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IRS990ScheduleG/GamingWithNonmembersInd0false
IRS990ScheduleG/IndividualWithBooksNm0QUINTON ZONDERVAN
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0519 SOMERVILLE AVE PMB 214
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS FORM 990 IS BEING AMENDED TO MORE ACCURATELY REPORT THE ALLOCATION OF FUNDRAISING EXPENSE BETWEEN PROGRAM, ADMINISTRATIVE AND FUNDRAISING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 FILING REVIEWED AND APPROVED BY BOARD OF DIRECTORS BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION REVIEWED AND APPROVED BY BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROFESSIONAL FEES 29,991 27,125 91,917
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WRITE OFF CABA FORGIVENESS OF DEBT 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, ITEM B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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